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For Wire Transfer recordkeeping and OFAC: Group of answer choices Recordkeeping is easier to comply with for institutions that only send or receive wires on
For Wire Transfer recordkeeping and OFAC: Group of answer choices Recordkeeping is easier to comply with for institutions that only send or receive wires on behalf of established customers. All fields must be checked for OFAC. Wire Records must be retrievable within 120 hours. A business account's owner is considered to be an established customer. Non-customers must come to a branch in order to receive funds from incoming wire transfers.
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